Mr Jimmy Ng Chwe Hwa > Chooi & Company > Kuala Lumpur, Malaysia > Lawyer Profile

Jimmy has extensive experience in restructuring work having carried out business and financial reviews of distressed companies and played a key role in establishing the business viability of these companies. He also develops restructuring plans, which could be in the form of cash and asset injection, asset sale, operational and balance sheet right-sizing or reverse takeover, secure buy-ins by the stakeholders, and attends to the drafting of term sheets and restructuring agreements.

In terms of insolvency work, Jimmy also has extensive experience in steering the administration of companies through insolvency processes, including companies or businesses that were ongoing, companies or businesses that were not viable and needed to be placed in liquidation, and advising, drafting and executing on options that would optimize returns to the stakeholders.

Jimmy also regularly advises investors on the purchase of impaired loans or non-performing loans, including the due diligence processes and the available recovery options that will optimize returns.

Jimmy regularly gives talks and seminars in the areas of restructuring, insolvency and corporate rescue mechanisms at conferences organized by the Companies Commission of Malaysia (SSM) and International Association of Restructuring, Insolvency and Bankruptcy Professionals (INSOL). His recent speaking engagements include speaking and presenting insights on the implementation of corporate rescue mechanisms at the SSM National Insolvency Conference 2016, Malaysian Institute of Accountant International Accountants Conference 2017, INSOL International Seminar 2017, SSM National Conference 2018 and INSOL International Seminar 2018.

Jimmy was a member of the Corporate Law Reform Committee, a committee tasked with advising the Government of Malaysia on law reforms relating to restructuring and insolvency from 2000 to 2005, and the recommendations for the rescue mechanism chapters have been incorporated in the Malaysia Companies Act 2016. He is a key member in the founding, and setting up, of the Insolvency Practitioners Association of Malaysia (IPAM) and sat as a council member of IPAM from April 2013 to March 2015.